FinMin to infuse Rs.5,000 cr into PSBs

The finance ministry will inject Rs.5,000 crore in public sector banks to boost their capital. However, this will depend on improvements in performance and efficiency. Eight lenders are expected to benefit from this last round of capitalisation in the current year, including Vijaya Bank, Indian Bank and Syndicate Bank.

The government allocated Rs.25,000 crore for captilisation in FY16, of which Rs.5,000 crore was to be provided in the second supplementary this year.